Astar Network and Acala Announce Partnership in a Major Boost to DeFi on Polkadot
For the first time, two of the biggest parachains will work together to launch the “DeFi Rising” program on Polkadot.
Keep up with what's happening in the crypto world in real-time.
For the first time, two of the biggest parachains will work together to launch the “DeFi Rising” program on Polkadot.
Astar Network and Acala have partnered to facilitate developers to use Acala assets on Astar Network. Find out what this means.
Bitcoin and Ethereum look like good investments, but they can't hold a candle to this lesser-known blockchain network right now.
Our Polkadot price prediction for August comes from the confluence of the falling wedge breakout and 0.382 Fib zone.
The Polkadot price analysis is bearish as the price has further declined today. The price levels have reduced to the $8.
Dogecoin (DOGE) price in recent times has made a significant upswing without much noise, but still, the target remains distinct. On the other hand, Polkadot(DOT) price faced a massive rejection while on its way to hitting $10.
Polkadot has been grabbing headlines recently with its performance. The latest updates on the network have added fuel to DOT's uptrend in the crypto market.
Image credit: Ferrum Network There seems to be a trope in the blockchain space that a single blockchain network is needed and it must reign supreme. This blockchain maximalism is detrimental to the entirety of the blockchain ecosystem, which is why projects like Polkadot are all about ending it.
The Polkadot price analysis is predicting a bearish trend for today as the price is going down. The market has been following a bullish trend for the past few weeks as the bulls have been securing wins mostly, and the market trend was upwards.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The market-wide sentiment boost aided Polkadot's [DOT] bulls in getting a grip on the near-term trend.
Bitcoin price aims to break from its current range and flip $24,000 to support, while altcoins are following the upside move by attempting to confirm their bottoming patterns.
The Polkadot(DOT) buyers plan to end the past two months' consolidation with today's bullish breakout from the $8.8 resistance. Moreover, this breached resistance being the prior swing high indicates the buyers are preparing to extend the recovery rally higher.
Investors appear to be increasingly focused on fundamental growth metrics in the crypto world.
Flow was in the green to start the week, as the token climbed to its highest point since May. The surge has seen prices rise by as much as 15% on Monday, as recent gains were extended. Polkadot was also higher, as it too cemented multi-month highs.
After a solid monthly close in July, Bitcoin bulls seem to be back in action, determined to push the price towards $25,000 despite various macro uncertainties clamping down volatility.
Dogecoin was pushed aside by Polkadot, and now Dogecoin (DOGE), is the 11th largest cryptocurrency in terms of market value. Sadly, DOGE had to relinquish its position, which is now held by Polkadot with a market value of $9.62 billion.
Polkadot snatches away DOGE's 10th position; can the meme coin fix DOT's wagon?
The Fear and Greed Index is 30 Fear and is equal to Sunday's reading.
The daily and hourly price charts for Polkadot price analysis display green candlesticks as DOT/USD value has undergone sufficient improvement today. The past few weeks have proved beneficial for the cryptocurrency as the market was following an uptrend with necessary corrections also clearly visible in between.
Dogecoin (DOGE) no longer maintains its position as the 10th largest cryptocurrency by market capitalization.
It has been relatively difficult for the market to focus on developments in the crypto-space, rather than on price speculation. However, this has not hindered networks such as Polkadot from charging full speed ahead, towards their WEB3 vision.
The Polkadot price analysis reveals the coin faced rejection today at the $8.55 level as selling pressure has built up again. The coin is observing mixed market sentiment as the price is fluctuating near the opening level, with resistance present at $8.
With one hour to go, it is a bearish session for the broader crypto market, with the market cap eyeing a seventh loss in eight sessions.
Polkadot price analysis seems to be turning bearish, as price action over the past 24 hours saw DOT price lower down to $8.55. This change in trend came about after a significant uptrend over the past 3 days that saw Polkadot to rise up to $8.82 from $7.70, recording a 14 percent increment.
